Dolby Laboratories (NYSE:DLB) major shareholder Dagmar Dolby sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $52.03, for a total value of $5,203,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Dagmar Dolby also recently made the following trade(s):

  • On Monday, July 31st, Dagmar Dolby sold 100,000 shares of Dolby Laboratories stock. The shares were sold at an average price of $52.22, for a total value of $5,222,000.00.

Shares of Dolby Laboratories (NYSE DLB) traded down 0.9586% during trading on Friday, hitting $50.9172. The stock had a trading volume of 162,504 shares. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 26.0446 and a beta of 0.79. Dolby Laboratories has a one year low of $44.99 and a one year high of $55.02. The stock’s 50-day moving average price is $51.06 and its 200 day moving average price is $50.66.

Dolby Laboratories (NYSE:DLB) last posted its quarterly earnings data on Tuesday, July 25th. The electronics maker reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.10. The company had revenue of $305.67 million during the quarter, compared to analyst estimates of $296.88 million. Dolby Laboratories had a net margin of 19.02% and a return on equity of 10.39%. The company’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.62 earnings per share. On average, equities analysts forecast that Dolby Laboratories will post $1.98 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Monday, August 7th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, August 3rd. Dolby Laboratories’s payout ratio is 28.57%.

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Several research firms have recently commented on DLB. BidaskClub lowered Dolby Laboratories from a “hold” rating to a “sell” rating in a report on Saturday, June 10th. Zacks Investment Research downgraded Dolby Laboratories from a “buy” rating to a “hold” rating in a research report on Monday, May 1st. Finally, B. Riley reiterated a “buy” rating and set a $61.50 price objective on shares of Dolby Laboratories in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Dolby Laboratories presently has a consensus rating of “Hold” and an average price target of $54.38.

Several hedge funds have recently bought and sold shares of DLB. Watermark Asset Management Inc. purchased a new stake in Dolby Laboratories during the first quarter valued at $114,000. US Bancorp DE raised its stake in Dolby Laboratories by 2.6% in the second quarter. US Bancorp DE now owns 3,029 shares of the electronics maker’s stock valued at $149,000 after buying an additional 78 shares during the last quarter. James Investment Research Inc. purchased a new stake in Dolby Laboratories during the first quarter valued at $155,000. Teacher Retirement System of Texas raised its stake in Dolby Laboratories by 4.6% in the second quarter. Teacher Retirement System of Texas now owns 4,637 shares of the electronics maker’s stock valued at $227,000 after buying an additional 205 shares during the last quarter. Finally, Northeast Financial Consultants Inc purchased a new stake in Dolby Laboratories during the first quarter valued at $229,000. 50.65% of the stock is owned by institutional investors.

About Dolby Laboratories

Dolby Laboratories, Inc designs and manufactures audio and imaging products for the cinema, television, broadcast and entertainment industries. Its products for cinema include Digital Cinema Servers and Cinema Audio Products, and broadcast and other include Dolby Conference Phone and Other Products. It offers services to support theatrical and television production for cinema exhibition, broadcast and home entertainment, including equipment training and maintenance, mixing room alignment and equalization, as well as audio, color and light image calibration.

Insider Buying and Selling by Quarter for Dolby Laboratories (NYSE:DLB)

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